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like joseph ratzinger the last time around. he knew all of the cardinals involved. it made it easier for them to coalesce for him for pope. that is not in play at this time and as a result, you know, you have heard it over and over again and you'll hear it more in the coming weeks, at this point there's no front-runner. lot of different men who are being looked at because of their various skills. some of them because of their theological chops, if you will. so, one of the things that i have been doing, we have been watching this video to see who's talking to who and if you can detect any of those secret signals. >> anne if you can stand by for us one second. >>> we're going to quickly hop to castel gandolfo the summer residence where the pope spends his summer. claudio is live there at castel gandolfo. good morning. what are we expecting. what will his life be like in the coming months there? >> well, mara, we're standing here if main square of the ca castel gandolfo. pope benedict xvi will spend about two months until he finally retires inside the vatican walls. la
like joseph ratzinger the last time around. he knew all of the cardinals involved. it made it easier for them to coalesce for him for pope. that is not in play at this time and as a result, you know, you have heard it over and over again and you'll hear it more in the coming weeks, at this point there's no front-runner. lot of different men who are being looked at because of their various skills. some of them because of their theological chops, if you will. so, one of the things that i have...
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so cardinal joseph ratzinger seemed an obvious choice. this time there is no such obvious front runner and no simple, single, overriding issue that's driving the reflection, which is why a lot of us believe this conclave may be a little bit more complex and it may take a little bit longer for the cardinals to reach consensus. >> all right. all right, john, let's come back here to new york for a second. melinda, let me ask you, when you're looking at this from the outside, other than the timing which you know i'm completely obsessed with, that's mainly because i have to figure out when i have to get to rome, but when we're looking at what might be different this time, that's the excitement, right? what are you looking at from the outside? what do you think the possibilities here are? and are we being too excited? >> in terms of the candidates or in terms of what we're going to see going forward? >> because pope benedict has created precedent here by saying i'm resigning, this is the best thing for the church, will that idea, what's best fo
so cardinal joseph ratzinger seemed an obvious choice. this time there is no such obvious front runner and no simple, single, overriding issue that's driving the reflection, which is why a lot of us believe this conclave may be a little bit more complex and it may take a little bit longer for the cardinals to reach consensus. >> all right. all right, john, let's come back here to new york for a second. melinda, let me ask you, when you're looking at this from the outside, other than the...
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ratzinger was the last time around. but there are perhaps two or three figures one could say are the next tier down. cardinal angelo shokoal, cardin mark willet, who runs the power for bishops, a deeply spiritual figure and perhaps leonardo sandri, a career vatican official a man that brings the first world and the third world together. we shall see if one of those guys breaks through. >> reporter: indeed and, of course, there may even be a cardinal from the third world, the developing world, who might be elevated. we're going to interview the american cardinal timothy dolan in a few hours from now. we'll have that live on cnn and he's used an awful lot of colorful language to insist he's not the next pope. but his name is constantly cropping up as well. soledad? >> we're already taking bets on who the next successor will be, i'm not surprised about that, guys, thank you. pope benedict xvi will be staying at the picturesque castel gandolfo, southeast of rome. it's a small castle thtle and b anderson is there for us now.
ratzinger was the last time around. but there are perhaps two or three figures one could say are the next tier down. cardinal angelo shokoal, cardin mark willet, who runs the power for bishops, a deeply spiritual figure and perhaps leonardo sandri, a career vatican official a man that brings the first world and the third world together. we shall see if one of those guys breaks through. >> reporter: indeed and, of course, there may even be a cardinal from the third world, the developing...
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and joseph ratzinger was just a professor. he got better at it. people embraced him for what he was. george was mentioning the humility. he didn't have body language, but they saw by his nonbody language, his humility. you always sensed he was surprised that all these people had shown up for me. people grabbed that. they realized that. and i think for that reason, they were also willing to listen to him. >> we see now, matt, of course, the helicopter that will take the pope to his place of residence the next couple of months, castel gandolfo. >> and he won't be alone in the helicopter, father bearron, thee are aides flying with him? >> and the monsignor just in recent weeks names as archbishop and acting as pope benedict's private secretary. he's been a major player in the life of pope benedict. we should also mention that once he arrives at gandolfo, he's expected to be greeted by the mayor of that city. as well as many of its residents. i think they're expecting as many as 8,000 people, to try to get a glimpse of this pope who is not yet the for
and joseph ratzinger was just a professor. he got better at it. people embraced him for what he was. george was mentioning the humility. he didn't have body language, but they saw by his nonbody language, his humility. you always sensed he was surprised that all these people had shown up for me. people grabbed that. they realized that. and i think for that reason, they were also willing to listen to him. >> we see now, matt, of course, the helicopter that will take the pope to his place...
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and with that, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer indebtedness rising a scant 3% to 11.3 trillion. housing debt was flat. it was a small gain but the first gain we've seen since the first quarter of 2011, that was thought to be a bit of a statistical anomaly. so maybe this is the first real gain. let me show you what rose. auto loans up 15 billion. credit cards up 5 billion. the perennial student loans up 10 billion and they have been rising quite a bit. delinquencies are quite high. all delinquencies declined except for student loans and they were up almost 12% and probably because of a whole bunch of different reasons, carl, they could be twice as high
and with that, after eight years, formal cardinal joseph rat ratzinger retires as pop. as we continue to see what the conclave will do as we search for his successor as the entire world watches what is happening with him. >>> got some breaking news out of the new york fed. a hard right turn here to steve liesman. >> why does this always happen to me, carl? >> hard to follow the pope, my man. >> exactly. let me do my best. the new york fed reporting that total consumer...